China stocks up at midday

China stocks rose just over one per cent on Tuesday morning after Chinese authorities announced new measures to crack down on short selling, which has been partly blamed for the plunge in mainland equities last month. The CSI300 index .CSI300 rose 1.2 per cent, to 3,873.66 points at the end of the morning session, while the Shanghai Composite Index .SSEC gained 1.3 per cent, to 3,671.49 points. China CSI300 stock index futures for August rose 4.5 per cent, to 3,783.6, 90.06 points below the current value of the underlying index. The Hang Seng index .HSI dropped 0.1 per cent, to 24,378.83. The Hong Kong China Enterprises Index .HSCE gained 0.2 per cent, to 11,029.47. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong .HSCAHPI stood at 138.73, according to Reuters.

-SRS